Indian retail tech startup Daalchini has raised $4 million in a Series A round led by Unicorn India Ventures. Separately, Pakistani fintech startup SnappRetail has raised $2.5 million in a pre-seed round led by Zayn Capital’s BitRate Fund.
Daalchini raises $4m led by Unicorn India Ventures
Indian retail tech startup Daalchini on Wednesday said it has raised $4 million in a Series A round led by Unicorn India Ventures, to expand its industry footprint. The company says this is the largest round raised in the smart vending segment.
The round also saw participation from existing investors like Artha Venture Fund; Ajay Kaul, former CEO of Dominos India; and VSS Investco, the investment vertical of Paytm’s Vijay Shekhar Sharma.
Currently, the Daalchini app has more than 2 lakh monthly active users, the company said.
Pakistan’s SnappRetail secures $2.5m
Fintech startup SnappRetail on Wednesday said it has raised $2.5 million in a pre-seed funding round led by Zayn Capital’s BitRate Fund, to expand its coverage to 13 cities by 2024.
The round also saw participation from Antler and Century Oak Capital.
Based on Crunchbase data, this is one of the largest pre-seed rounds raised in the sector in the country, the company said in a statement.
SnappRetail offers retailers point of sale (POS) tools and a digital operating platform — a micro-enterprise system for end-to-end shop operations — that helps traditional retailers grow their margins and revenues while helping micro-retailers upgrade and prevent losing out to growing modern supermarkets because of inefficient operations, inadequate cash flows, and cluttered in-store display, the company said.